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#RD281
1948 $100 Stock Transfer Stamp, Bright Green, No Gum
$62.00
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Scott #RD281 is a $100 bright green Stock Transfer revenue stamp from the Series 1948 issue, featuring a portrait of Philip F. Thomas, the 23rd Secretary of the Treasury. The large serial number "48234" printed in the lower tab panel is a security feature introduced in the 1940 redesign of the Stock Transfer series, intended to help the Internal Revenue Service track high-value stamps and prevent reuse. At the $100 denomination, this stamp was attached to documentation for major securities transactions — the equivalent of many thousands of dollars in today's market. The purple handstamp cancel confirms this example saw actual use.
Philip F. Thomas had one of the shortest and most turbulent tenures in Treasury history, serving just one month — from December 12, 1860 to January 14, 1861 — under President James Buchanan. His brief time in office coincided directly with the secession crisis preceding the Civil War. His first task upon taking office was to market a government bond to fund the national debt, but Northern bankers refused to invest, fearing the funds would benefit the Southern states. When the bond effort failed, Thomas resigned. He had also served as Governor of Maryland and as U.S. Commissioner of Patents, and his later career was marked by the Senate's refusal to seat him in 1867 due to his alleged sympathies with the Confederacy during the Civil War.
The $100 denomination is one of the highest values in the Series 1948 Stock Transfer issue.
Scott #RD281 is a $100 bright green Stock Transfer revenue stamp from the Series 1948 issue, featuring a portrait of Philip F. Thomas, the 23rd Secretary of the Treasury. The large serial number "48234" printed in the lower tab panel is a security feature introduced in the 1940 redesign of the Stock Transfer series, intended to help the Internal Revenue Service track high-value stamps and prevent reuse. At the $100 denomination, this stamp was attached to documentation for major securities transactions — the equivalent of many thousands of dollars in today's market. The purple handstamp cancel confirms this example saw actual use.
Philip F. Thomas had one of the shortest and most turbulent tenures in Treasury history, serving just one month — from December 12, 1860 to January 14, 1861 — under President James Buchanan. His brief time in office coincided directly with the secession crisis preceding the Civil War. His first task upon taking office was to market a government bond to fund the national debt, but Northern bankers refused to invest, fearing the funds would benefit the Southern states. When the bond effort failed, Thomas resigned. He had also served as Governor of Maryland and as U.S. Commissioner of Patents, and his later career was marked by the Senate's refusal to seat him in 1867 due to his alleged sympathies with the Confederacy during the Civil War.
The $100 denomination is one of the highest values in the Series 1948 Stock Transfer issue.
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